Wayhome has appointed Mike Weston to its board as a non-executive director
Wayhome, a fintech firm, invests pension funds to tackle homeownership costs. It has deployed £75m and is expanding into pensions and insurance with its part-own, part-rent model.
Weston has over 30 years of experience managing pensions across public, private, and charity sectors. He is an accredited professional trustee and chairs the Institute of Cancer Research Pension Scheme. Previous roles include CEO of LGPS Central Pool and CIO of the Daily Mail Pension Scheme.
Weston says: “Wayhome’s innovative approach to addressing people’s everyday home ownership affordability challenge is truly inspiring. By leveraging pension scheme investments to assist first-time homebuyers, they’ve created a mutually beneficial solution for pension schemes and individuals. Tackling the country’s significant affordable housing issues requires joined up thinking, and I’m thrilled to be part of an initiative at the forefront of tackling this crucial challenge.”
Wayhome chair Duncan Howorth says: “We’re delighted to welcome Mike to our Board at this crucial juncture for the LGPS sector. His expertise and vision will be instrumental as we navigate the changes prompted by the recent government consultation looking at the future of the scheme. Mike’s arrival coincides with an increasing need for more localised investment strategies, particularly in addressing urgent local housing needs.
“Mike joins Wayhome at an exciting time as we continue to introduce our innovative housing solution to the UK pensions sector. This approach enables pension schemes to achieve robust returns while maximising their social and local impact.”
